< The 2015 Trading Technology 40: Going with the Flow


27
Tyler Moeller
and Joshua Walsky
Chief Executive Officer
and Chief Technology Officer
Broadway Technology
Last year: 19
It may seem topsy-turvy when venerable financial institutions are turning to software entrepreneurs to cut through regulatory and market structure thickets. But that is how 11-year-old Broadway Technology, with Goldman Sachs Group as a lead customer and investor, has made its mark. Co-founders Tyler Moeller and Joshua Walsky combined computer science backgrounds — they have master’s degrees from Massachusetts Institute of Technology and Cornell University, respectively — with programming work at a dot-com flameout (CarOrder.com) and a proprietary trading venture (KATS) to create a high-performance platform initially for fixed-income markets. The technology, known as TOC, had multi-asset-class flexibility built in and has migrated along with its customers into foreign exchange and swaps. Broadway is thriving as volatility returns and firms of all sizes have pent-up demand for systems to support their evolving agency or prop trading styles; CEO Moeller, 39, expects to add 30 to the New York-based company’s head count of 80 in 2015. The biggest companies that historically built in-house systems are taking a “build and buy” approach, he explains. They retain lean, highly expert development teams and off-load software maintenance and other tasks that Broadway can handle more economically. “We were a big-data company before people used that term,” notes CTO Walsky, 38. With that foundation, to meet surveillance and compliance needs, Broadway brought “a real-time, reactive monitoring system from concept to deployment in 2014.”
The 2015 Trading Technology 40
1![]() | 2![]() | 3![]() | 4![]() | 5![]() |
Kevin Kometer CME Group | Richard Prager BlackRock | Raymond Tierney III Bloomberg Tradebook | Jonathan Ross KCG Holdings | Charles Vice Intercontinental Exchange |
6![]() | 7![]() Zef Nikolla
| 8![]() | 9![]() | 10![]() |
Chris Isaacson BATS Global Markets | Bradley Peterson Nasdaq OMX Group | Brad Levy MarkitSERV | Dan Keegan Citi | Ronald DePoalo Fidelity Institutional |
11![]() Mark McQueen
| 12![]() | 13 ![]() | 14![]() | 15![]() Margaret Fox
|
Gerard Beatty Goldman Sachs Group | Gerald O'Connell CBOE Holdings | Brenda Hoffman TMX Group | Billy Hult Tradeweb Markets | Nicholas Themelis MarketAxess Holdings |
16![]() | 17![]() | 18![]() Martin H. Simon
| 19![]() Todd Plitt
| 20![]() A.E. Fletcher Photography
|
Bina Kalola Bank of America Merrill Lynch | Gil Mandelzis EBS-BrokerTec (ICAP) | Steven Randich Financial Industry Regulatory Authority | Jerry Dobner GFI Group | Michael Liberman BlueMountain Capital Management |
21![]() | 22![]() Photographer:http://www.digitalh
| 23![]() | 24![]() Dennis Degnan
| 25![]() Paul Elledge
|
Bill Chow and Richard Leung Hong Kong Exchanges and Clearing | Jamie Selway Investment Technology Group | Brad Katsuyama IEX Group | John Mackay (Mack) Gill MillenniumIT | Jamil Nazarali Citadel Execution Services |
26![]() | 27![]() | 28![]() Picasa
| 29![]() Andrew Harrer
| 30![]() Takashi KATO
|
Robert Cornish International Securities Exchange | Tyler Moeller andJoshua Walksy Broadway Technology | Rishi Nangalia REDI Holdings | Manoj Narang Tradeworx, Thesys Technologies | Oki Matsumoto Monex Group |
31![]() | 32![]() unknown
| 33![]() Douglas Kurn
| 34![]() Luludi/LUZ
| 35![]() William Neumann Photography
|
Alasdair Haynes Aquis Exchange | Veronica Augustsson Cinnober Financial Technology | Stu Taylor Algomi | Luís Otávio Saliba Furtado BM&FBovespa | Tal Cohen Chi-X Global Holdings |
36![]() | 37![]() | 38![]() | 39![]() | 40![]() |
Donal Byrne Corvil | R. Cromwell Coulson OTC Markets Group | Alfred Eskandar Portware | Richard Korhammer SR Labs | Hazem Dawani OptionsCity Software |